Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsLatest reported annual revenue changed -3.0% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -3.0% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin compressed
Operating margin changed -132.7 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Free cash flow was positive
Latest reported free cash flow was $250M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$2.24B98.9%-3.0% yoy
- Outside the United States$26M1.1%-7.1% yoy
Members sum to the consolidated $2.26B for this period.
- Employer Solutions Segment$534M100.0%-2.6% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,003 US-listed filers · 811 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.3B | 68thof 3,301 top third | 70thof 777 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -3.0% | 22ndof 3,137 bottom third | 18thof 743 bottom third |
Gross margin gross profit ÷ revenue | 33.8% | 43rdof 1,603 middle third | 33rdof 554 bottom third |
Operating margin operating income ÷ revenue | -136.6% | 14thof 2,819 bottom third | 10thof 751 bottom third |
Net margin net income ÷ revenue | -136.9% | 13thof 3,263 bottom third | 10thof 769 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 11.1% | 69thof 2,679 top third | 57thof 701 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -296.6% | 4thof 3,576 bottom third | 3rdof 719 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -24.3× | 14thof 819 bottom third | 9thof 195 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.8% | 72ndof 2,895 top third | 83rdof 728 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 62 days | 34thof 2,398 middle third | 49thof 711 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 4.8× | 28thof 1,546 bottom third | 16thof 338 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 45 changed periods, 28 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2020-06-30 | -$625 10-Q 2020-08-04 | -$31M 10-K/A 2021-04-29 | -4962494.1% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2020-06-30 | -$1.58K 10-Q 2020-08-04 | -$31M 10-Q 2021-08-16 | -1958054.7% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-12-31 | $496K 10-K 2021-02-26 | $506M 10-K 2022-03-10 | +101819.4% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | -$167K 10-Q 2020-11-06 | $42M 10-Q 2021-11-12 | +25284.2% | first · latest |
| Net income NetIncomeLoss | quarter 2020-09-30 | $156K 10-Q 2020-11-06 | -$39M 10-Q 2021-11-12 | -25157.7% | first · latest · 3 filings carry it |
| Total liabilities Liabilities | balance at 2020-12-31 | $39.4M 10-K 2021-02-26 | $6.27B 10-K 2022-03-10 | +15840.3% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $5M 10-K 2021-02-26 | $683M 10-K 2022-03-10 | +13560.0% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$3.26M 10-Q 2021-05-17 | $46M 10-Q 2022-05-09 | +1512.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$4M 10-Q 2023-11-01 | -$45M 10-Q 2024-11-12 | -1025.0% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$14M 10-K 2023-03-01 | -$94M 10-K 2025-02-27 | -571.4% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2020-12-31 | $1.04B 10-K 2021-02-26 | $6.96B 10-K 2022-03-10 | +571.1% | first · latest · 6 filings carry it |
| Total liabilities Liabilities | balance at 2020-09-30 | $36.5M 10-Q 2020-11-06 | $185M 10-K/A 2021-04-29 | +406.9% | first · latest |
| Total liabilities Liabilities | balance at 2020-06-30 | $36.9M 10-Q 2020-08-04 | $138M 10-K/A 2021-04-29 | +272.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$13M 10-Q 2023-05-09 | -$40M 10-Q 2024-05-08 | -207.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$21M 10-Q 2023-08-02 | -$36M 10-Q 2024-08-06 | -71.4% | first · latest |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2023-12-31 | $82M 10-K 2024-02-29 | $45M 10-K 2025-02-27 | -45.1% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2023-12-31 | $698M 10-K 2024-02-29 | $435M 10-K 2025-02-27 | -37.7% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2023-09-30 | $257M 10-Q 2023-11-01 | $166M 10-Q 2024-11-12 | -35.4% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2023-12-31 | $148M 10-K 2024-02-29 | $97M 10-K 2025-02-27 | -34.5% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-09-30 | $813M 10-Q 2023-11-01 | $557M 10-Q 2024-11-12 | -31.5% | first · latest |
| Gross profit GrossProfit | fiscal year 2022-12-31 | $996M 10-K 2023-03-01 | $686M 10-K 2025-02-27 | -31.1% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-06-30 | $806M 10-Q 2023-08-02 | $561M 10-Q 2024-08-06 | -30.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $3.41B 10-K 2024-02-29 | $2.39B 10-K 2026-02-24 | -30.0% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2022-12-31 | $3.13B 10-K 2023-03-01 | $2.21B 10-K 2025-02-27 | -29.5% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-03-31 | $831M 10-Q 2023-05-09 | $586M 10-Q 2024-05-08 | -29.5% | first · latest |
| Gross profit GrossProfit | fiscal year 2023-12-31 | $1.14B 10-K 2024-02-29 | $810M 10-K 2026-02-24 | -28.9% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2023-03-31 | $257M 10-Q 2023-05-09 | $187M 10-Q 2024-05-08 | -27.2% | first · latest |
| Gross profit GrossProfit | quarter 2023-06-30 | $257M 10-Q 2023-08-02 | $187M 10-Q 2024-08-06 | -27.2% | first · latest |
2 share-count periods re-presented for a stock split (1-for-20) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for ALIT yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.